Lending pro returns to company she helped found; new loan product offered
Roxanne Carr is returning to The Mortgage House, Inc. as Division President, according to Charlotte Storlie, VP-Operations. Carr retired in late 2011 with a two-year commitment to continue in an advisory capacity, but The Mortgage House’s growth plans and an exciting new loan product have enticed her back.
Carr noted that her formal retirement was brief, and she is excited to be back at the firm she helped create in 1995. Carr added that her husband, longtime local architect Rod Levin, has now settled in at the Villages at Sydney Creek and is doing well. “My day-to-day routine has changed and I missed my great team, my colleagues and clients at The Mortgage House,” she said, “and with the market moving forward again, this is a great time to jump back in.”
Storlie announced The Mortgage House’s acquisition of a new HARP (Home affordable Refinance Program). “This program is desperately needed by homeowners who are ‘underwater’ in their value and in danger of foreclosure,” said Storlie, who joined with Carr in praising the product managed by the U.S. Treasury Department as part of its Making Home Affordable initiative.
Requirements under this program include:
- Loan-to-values over 80%, with no upper limit
- A reduced interest rate as available under today’s terms
- A reduced mortgage term or more stable mortgage product
- Loan must have been purchased by FannieMae before June 1, 2009
- Owner-occupied if over 80%; Non-owner occupied and 2nd Homes available
under the “Non-HARP” condition at under 80% loan-to-values.
Carr also announced the addition of Shaun Hobbs as Underwriter. Hobbs most recently came from Wells Fargo Bank and has over 25 years’ experience in approving residential mortgage loans. “He will be a great addition to our super team, and will be especially helpful to Charlotte Storlie, who has been promoted to Senior Underwriter in addition to her VP-Operations responsibility,” Carr said. “This will bring our local underwriting staff to three, emphasizing our belief that keeping mortgage applications processed and approved and funded in our local office is a distinct advantage unique to us.”
The Mortgage House was formed in 1995 by Ira Cohen, Allen Satenberg and Roxanne Carr. Their goal was to create a service-oriented local mortgage banking organization, and their philosophies of service and integrity have kept the group at the top of mortgage banking companies dedicated only to residential lending.